ADNOC Distribution posts record first-half profit as fuel volumes hit new high

ADNOC Distribution reported a record net profit of $568 million for the first half of 2026, a 59% year-on-year increase, driven by record fuel volumes and inventory gains, according to the Emirates News Agency. The Abu Dhabi based fuel and convenience retailer also posted a 39% rise in EBITDA to $786 million.

How much profit did ADNOC Distribution report for H1 2026?

ADNOC Distribution's net profit reached $568 million in the first half of 2026, up 59% from the same period last year. Reported EBITDA rose 39% to $786 million, while underlying EBITDA increased 14% to $603 million. The company credited record fuel volumes, network growth and inventory gains for the results.

What drove ADNOC Distribution's record fuel volumes?

Fuel volumes reached a record 7.75 billion liters in the first half of the year, supported by network expansion and steady retail and commercial demand. The company said the higher-margin non-fuel retail business also contributed to growth. ADNOC Distribution expanded its network across the UAE, Saudi Arabia and Egypt during the period.

How many service stations does ADNOC Distribution operate?

ADNOC Distribution expanded its retail network to 1,045 service stations across the UAE, Saudi Arabia and Egypt in the first half of 2026. That marks an 11% increase from a year earlier. The growth reflects the company's push to widen its footprint across the region.

What did ADNOC Distribution's CEO say about the results?

"Despite a dynamic macroeconomic environment, ADNOC Distribution delivered another record performance in the first half of 2026, demonstrating the resilience of our diversified business model and the strength of our growth strategy," CEO Eng. Bader Saeed Al Lamki said in a statement. He said the company is expanding higher-margin opportunities in non-fuel retail while strengthening its core fuel business. Al Lamki added that ADNOC Distribution is accelerating innovation, growing digital revenue streams and advancing its proposed acquisition of Shell Downstream South Africa as part of international expansion plans.

How is ADNOC Distribution expanding its EV charging network?

The company launched what it described as the region's largest electric vehicle mega hub on the E11 highway between Abu Dhabi and Dubai during the first half of the year. Its E2GO charging network grew by more than 35% year over year, while energy sold through the network more than doubled. Electric vehicles charged through the network traveled 27.4 million low-emission kilometers during the period, twice the distance recorded a year earlier.

How much did ADNOC Distribution's non-fuel retail business grow?

Non-fuel retail remained a major driver of higher-margin growth, with gross profit in the segment rising 12%. The company attributed the increase to higher customer footfall, more transactions and an expanded food and convenience offering. ADNOC Distribution also continued expanding The Hub by ADNOC, its roadside retail concept.

The company said its larger format Hub locations are expected to generate annual EBITDA of $30 million by 2030. In May, ADNOC Distribution announced a partnership with Americana Restaurants International to open up to 200 quick-service restaurants across its network. In July, the company launched Engage by ADNOC, describing it as the UAE's first full-funnel retail media network operated by a mobility and convenience retailer. Backed by ADNOC Group's artificial intelligence and digital transformation program, the platform is meant to create a new data-driven revenue stream.

What is ADNOC Distribution doing with artificial intelligence?

ADNOC Distribution said it is advancing more than 20 artificial intelligence initiatives across its business. The company's ADNOC Rewards app approached 2.8 million members during the first half of the year, supporting customer engagement and spending. ADNOC Distribution also continued pursuing international expansion under its 2024-28 growth strategy.

Why is ADNOC Distribution acquiring Shell's business in South Africa?

ADNOC Distribution entered into a definitive agreement in July to acquire Shell's downstream business in South Africa at an implied enterprise value of $1 billion, subject to regulatory approvals. The deal is part of the company's international expansion plans under its 2024-28 growth strategy. ADNOC Distribution said the acquisition is expected to raise earnings per share by 6% in the first full year after completion, expected in 2027.

What dividend did ADNOC Distribution approve for the second quarter?

ADNOC Distribution's board approved a second-quarter 2026 dividend of 5.14 fils per share, equivalent to $175 million, payable in September. The dividend follows the company's policy of distributing $700 million annually or at least 75% of net profit, whichever is higher. After this payment, ADNOC Distribution will have returned an estimated $5.8 billion (AED21.5 billion) in dividends to shareholders since its initial public offering.